Wednesday, May 09, 2007

Hewlett-Packard Says Quarterly Results Will Top Forecast - New York Times

HP is already the largest IT vendor; it's also getting closer to IBM's market cap (~$120.5B HPQ versus ~$153B for IBM, at the moment; Dell is ~$59B)

Hewlett-Packard said Tuesday that its earnings for the quarter just ended would be higher than previously forecast, largely because of strong worldwide sales of personal computers. The announcement pushed the company’s stock to its highest point in more than six years.